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Cash sales and credit sales

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Reference no: EM13917208

Dims dale Sports cash sales and credit sales represent 25% and 75% respectively, of total sales. Of the credit sales, 60% is collected in the first month after the month of sales and 40% in the second month after the month of sales. For the December 31, 2013, accounts receivable balance, 125,000 is collected in January and the remaining 400,000 is collected in February.

 

 

Reference no: EM13917208

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